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With PC Help...Invest Like Buffett

Boot Camp feature for Friday, June 17, 2005

With help from your PC…invest like Warren Buffett. Bloomberg Boot Camp, a report on today's technology. John Price has had what you might call a fascination with Warren Buffett and his ability to make the right investments…for years. Price was a research mathematician at The University of South Wales…

"And as soon as I discovered Warren Buffett, I really wanted to understand exactly what he was doing and how he was doing it. First of all for my own investing, but then I really wanted to show other people how to do it. And when I read my first biography of Buffett, it was like my background as a research mathematician, as a computer programmer, an educator, a writer…all those points I just felt came together."

The result…a Web site and software called Conscious Investor…that Price says sifts through data for six thousand U.S. stocks…

"First of all screening the whole six thousand stocks looking for quality companies, companies that also meet your requirements. So we pull that six thousand stocks down to a small handful of stocks. And the second step is to analyze those stocks in more detail to find out what would be a good price to pay for them. So it's those two steps…great companies…selling at profitable prices."

And the software is designed to look at the stocks the way Buffett would. It may not by as pricey as a share of Buffett's Berkshire Hathaway….but subscriptions aren't cheap. Conscious Investor costs 747 dollars a year. Bloomberg Boot Camp, I'm Fred Fishkin.